Swelect Energy Systems consolidated net profit 881% up YoY in FY 2024
Swelect Energy Systems Ltd (formerly known as Numeric Power Systems) has posted a consolidated total income of INR 279.33 crore and a net profit of INR 63 crore for the year ended March 31, 2024.
IndiGrid Q4 FY 2024 revenue grows 31% year-on-year
IndiGrid’s consolidated revenue for the quarter ended March 31, 2024 was up 31% to INR 7,856 million.
India braces for scorching summer: Record power demand puts coal in spotlight
With temperatures expected to soar beyond 40 degrees Celsius, the spotlight turns to India’s coal-fired power stations, which comprise a hefty 218 GW of the total energy capacity.
Stepping up critical mineral production remains crucial for India’s energy security: ICRA
Advancement in mineral processing and beneficiation technology remains critical for commercialisation of domestic critical mineral resources.
Hitachi Energy India Q4 profit up 124% YoY
Hitachi Energy India recorded a revenue of INR 1,699.2 crore and profit after tax (net profit) of INR 113.7 crore for the quarter ended March 31, 2024
Gensol Engineering appoints Shilpa Urhekar as CEO for India solar EPC
Prior to joining Gensol, Shilpa Urhekar served as the country head (India) at Sterling and Wilson Renewable Energy Ltd.
Competition, oversupply to reduce n-type solar module prices
Global solar demand will continue to grow in 2024, with module demand likely to reach 492 GW to 538 GW. Amy Fang, a senior analyst at InfoLink, looks at module demand and supply chain inventories in a market still affected by oversupply.
Aerem acquires Spinkraft
Aerem Solutions, a solar fintech company in India, has entered into a definitive agreement to acquire solar equipment distributor Spinkraft Ventures.
Solar wafer prices decline, sparking concerns over producer survival prospects
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Reliance completes sale of REC’s polysilicon manufacturing unit
Reliance Industries Ltd (RIL) has completed sale of REC Solar Holdings’ kerf-based polysilicon manufacturing arm, REC Solar Norway, to Elkem ASA. It continues to retain the technology and intellectual property rights of kerf-based polysilicon post sale of REC Solar Norway.
